Affordability Challenges

US Builder Confidence Posts Mid-Q2 Gain

Builder confidence ↑3 points from Early-Q2 to 37 in Mid-Q2, topping forecast 34, while still below the 50 favorable threshold for new homes. Current sales ↑3 points to 40; expected sales over next 6 mo ↑3 to 45; prospective buyer traffic ↑3 to 25 nationally. Regional Builder Confidence Northeast: ↑5 to 44 Midwest: ↑6 to 45 South: ↑2 to 36 West:...